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House Passes Measure Against Hike In Debt Limit

January 19, 2012 by  

House Passes Measure Against Hike In Debt Limit

In one of its first actions of the new year, the House passed a symbolic measure against President Barack Obama’s request to increase the Federal debt limit by $1.2 trillion, The Washington Times reported.

According to the newspaper, the bipartisan debt and budget agreement that occurred last summer allowed the White House to automatically raise the debt ceiling 15 days after the President notifies lawmakers that the debt level is approaching the current $15.2 trillion cap. If both chambers of Congress agree, the Administration’s request can be halted.

The measure against the further hike of the debt ceiling passed 239 to 176 in the House, as votes were issued along party lines. Republicans said the vote was important in showing that Democratic spending had reached a level that was much too high.

“House Republicans once again rejected the Obama Administration’s pursuit to continue its reckless spending binge and reaffirmed our commitment to fiscal responsibility,” Representative Pete Sessions (R-Texas) said in a statement. “Since President Obama took office, our national debt has increased by $4.6 trillion and is now greater than the value of our entire economy.”

Fox News reported that the Senate is likely to allow the debt ceiling hike, despite the symbolic stance by the House.

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  • JimH

    If Obama offers to open the Keystone pipeline if the House will raise the debt limit, don’t believe it. He’ll just renege on that too.

    • APN

      I disagree, Obama has been and continues to support the Keystone project. Why wouldn’t he? I mean it would mean 1,000′s of high paying jobs for the jack booted union thugs. He is just using this critical issue for leverage to get something else he wants from the GOP. Maybe the debt limit or it may be something for the green people. Who the heck knows with these people?

      Simply put, politics 101!

  • simian pete

    Darn Repubs ! Sitting on their RICH ASSES and denying that good man, one President Barack Obama !! (our hero) from doing what he feels is right for AMerica !!!

    Anyhow – if they raise the debt ceiling, does it really matter ? The Fed Reserve just keeps printing the money up. Prez Obama was trying to do things the Republican way – Borrow and Print !!! The Repubs know that !!! Isn’t that what they were doing when Bush was in office ?

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